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Sellers continue to apply the pressure to trigger the sell exit level on EAR at 0.20 so the alert is now closed.
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Alert History
Original Alert 21/03/19
New Buy Entry Alert EAR
Time Frame : Daily
Sector : Materials/Basic Materials
Key Stats : $118.45 Million Market Cap, VWAP 0.22, ASX Ranking 719, 4 Week Av Turnover $368,208, Current Turnover (Intraday as at time of alert) $185,087.
Company Overview : Echo Resources Limited (EAR) is a gold, copper, and nickel exploration company. EAR’s key project is Yandal Gold Project in Western Australia.
Broker Consensus : BUY
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EAR – Echo Resources Limited
EAR has pulled back off the highs around 0.27 and is now in a prime zone to continue the trend higher on increased volume. We are happy to buy on a push up through 0.24 and will hold a stop loss at 0.20. If price pushes down through 0.20 prior to entry, then happy to cancel the alert and re-assess the action.
Stock Code : EAR – Echo Resources Limited
Company Website : www.echoresources.com.au
Current Price : 0.22
New Potential Buy Entry (Trigger Level) : 0.24
Potential Sell Exit Zone (Stop Loss) : 0.20
Status : On watch for buy entry trigger
